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Isle of Man Employment Guide

Your quick guide on talent and labor compliance norms in Isle of Man




Manx Pound (IMP) (rate is equivalent to to that of British Pound sterling)


Manx, English

Payroll Frequency


GDP per Capita


Employer Tax

0 - 12.8%

Talent Overview

The Isle of Man’s economy largely depends on its financial, manufacturing, and tourism industry, which has provided employment opportunities for its citizens. This Island nation also entices technology and financial companies to establish their business in the area by way of low tax rates. As a result, the Isle of Man is a popular choice for tech start-ups, particularly in e-gaming, e-sports, media, film, fintech, and blockchain. 

Major economic hubs:

Douglas, Ramsey, Peel

Skills in demand:

Financial services, engineering, healthcare, manufacturing teaching, retail and hospitality


Local Universities

The top local universities in Isle of Man are as follows:

Uni1 20

University College Isle of Man


Local: 1

World: 18466

Salary Data

Job Title Average Monthly Salary (in IMP) Average Monthly Salary (in USD)
Financial Manager 3,238 4,156
General Manager 2,945 3,780
Business Development Manager 2,725 3,498
Financial Analyst 2,709 3,478
Business Analyst 3,221 4,135
Project Manager 3,246 4,167
Talent Source 5

Talent Sourcing Tips

Top Local Job Boards:

Indeed ; TotalJobs ;

Number of LinkedIn users:


Top Recruitment Agencies:

Ability Plus ; Ambitions Recruitment ; Bespoke Recruitment

Employing in Isle of Man

Employment law policies in this nation are well regulated by the Department for Enterprise, one of the eight departments in the Isle of Man Government. They have stipulated some legislations and best practices for employees and employers to observe when conducting business in the area. Below is some helpful information that employers must keep in mind when taking in talents from the island.

Employee Contract

A written contract containing the employment details and employee rights is necessary when employing workers in the nation. However, there is no statutory language requirement for employment contracts in the Isle of Man.

Public and Provincial Holidays

Date Name Type
1 Jan New Year’s Day Public Holiday
29 Mar Good Friday Public Holiday
1 Apr Easter Monday Public Holiday
6 May Early May Bank Holiday Public Holiday
27 May Late May Bank Holiday Public Holiday
7 Jun T. T. Bank Holiday Public Holiday
5 Jul Tynwald Day Public Holiday
26 Aug Summer Bank Holiday Public Holiday
25 Dec Christmas Day Public Holiday
26 Dec Boxing Day Public Holiday

Employee Leave

Type of Leave Time Period Mandatory
Annual Leave 4 weeks Yes
Sick Leave 26 weeks Yes
Maternity Leave 39 weeks Yes


Payroll 1

Payroll Cycle

Salaries in the Isle of Man are paid on a monthly basis.

Payroll 2

Minimum Wage

The Minimum wage in the Isle of Man is 10.75 IMP/hour.

Payroll 3

Overtime Pay

The standard working hours in the Isle of Man are 40 hours in a five-day work week. Overtime pay for civil servants is based on their annual pay and allowances. The hourly overtime rate is calculated as follows: 

Annual Salary / 37 (hours) x 52.2 (weeks) = Plain-Time Rate


13th Month Pay

A 13th month pay is not compulsory in the Isle of Man. 

Employee Benefits

The Isle of Man social security scheme offers a lot of coverage for its members. Below are some benefits they provide: 

  • Illness and disability
  • Bereavement
  • Unemployment
  • People in work
  • People on a low income
  • Families and children
  • Retirement


Employer Payroll Tax

Employer contributions for their employees National Insurance may be dependent on individual circumstances. However, below is the standard rate for their contributions:

Salary Bracket (Per week) Rate
Up to IMP 120 0%
IMP 120 and over 12.8%

Employee Payroll Tax

Below are the Employee contribution rate for Isle of Man’s National Insurance Scheme:

Salary Bracket (Per week) Rate
Up to IMP 138 0%
IMP 138  – IMP 823 11%
IMP 823 and over 1%

Employee Income Tax

Employee Category Salary Bracket Rate
Single Person Up to IMP 6,500 10%
IMP 6,500 above 20%
Married Couple Up to IMP 13,000 10%
IMP 13,000 above 20%
Non-Resident Any amount 20%


The Standard VAT rate in the Isle of Man is 20%.

Offboarding & Termination

The employment contract set out before the employee upon onboarding becomes the basis for the termination process and the notice period. It should state the obligations of both parties should either one choose to terminate the contract.

The notice period will depend on the employee’s years of service and on which party chooses to terminate the employment. 

If the employer terminates the employee:

Years of Service Notice Period
Less than two (2) years One (1) week
Two (2) years to 12 years One (1) week for each year of continuous service
12 years and above 12 weeks 

If the employee resigns: 

Years of Service Notice Period
Less than two (2) years One (1) week
Two (2) years to Four (4) years One (1) week for each year of continuous service
Four (4) years and above Four (4) weeks 

Employees who are terminated due to redundancy are entitled to a one (1) week’s worth severance pay for each year of continuous service (capped at IMP 540). The maximum amount of years to be paid is 26 years.

Visa and Immigration

There are two types of visas that foreign workers can apply to legally work in the Isle of Man.

Visa And Immigration 8
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Minimum Wage

Overtime Pay

Visa & Immigration

Below are following:

Type of Visa Validity Purpose
Work Permit 1 year (can be renewed)
  • To be applied by Isle of Man employees and self-employed individuals. 
Standard Visitor’s Visa 6 months (can be renewed)
  • For foreign workers who wishes to stay in the country for a short term-business such as seminars, meetings, sport events, research, education and etc.